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Premier Rachel Notley says her NDP government needs to know if there would be real benefits for Albertans before deciding whether to support a potential Calgary bid for the 2026 Winter Olympics. Earlier this week, Calgary city council approved allocating a further $1 million toward exploring an Olympic bid, with an additional $1 million contingent […]

Calgary’s elected officials voted to keep the city’s Olympic dreams alive after bureaucrats were pressured to release two city-commisioned academic reports that significantly challenge the economic benefits of hosting a 2026 edition of the Winter Games. A total of $5 million has already been dedicated to exploring an Olympic bid and in a 9-4 vote Monday, […]

As Calgary’s economy remains in transition after a blistering recession, the city’s economic development agency says it has attracted and supported the expansion of 90 companies that have created more than 5,000 jobs in the past two years. The gains are well above Calgary Economic Development’s target of working with 70 companies to create jobs […]

Suncor Energy’s acknowledgement its GHG emissions will increase 28 per cent by the end of the decade — even as it slowly reduces emissions per barrel — reveals that 25 years after Alberta’s oilsands boom started, industry is still seeking transformative environmental technologies. Canada’s largest oil and gas company revealed its greenhouse gas emissions will go from 20.5 million tonnes last year […]

It’s official. Canada has been in a recession this year thanks in large part to a downturn in the oil and gas sector. Data released Tuesday by Statistics Canada indicated that the country’s gross domestic product fell in the first two quarters of 2015 which meets the technical definition of what constitutes a recession. The […]

As oil prices plummeted to their lowest level in three years, Alberta Energy Minister Frank Oberle said Tuesday he doesn’t expect major provincial budget cuts this year or a sharp slowdown in the energy sector. West Texas Intermediate crude slid two per cent to $77.19 US a barrel — the lowest closing price since October 2011 — on Tuesday, a day after energy heavyweight Saudi Arabia cut the price of oil sold into the United States.

CALGARY - The resource-rich provinces of Saskatchewan and Alberta are forecast to lead salary gains across Canada next year. The Conference Board of Canada’s Compensation Planning Outlook 2015, released on Thursday, said Saskatchewan and Alberta employers will lead the nation with projected average increases of 3.6 per cent and 3.5 per cent respectively.

Fire Chief Bruce Burrell’s moustache couldn’t conceal his smile Wednesday as he listened to a Conference Board of Canada analyst say the flood response Burrell led was amazing — a model for cities to study to prepare for future disasters. Burrell’s smile was concealing something else: he announced to his fire department the following morning that by month’s end he will leave his job to return home to Nova Scotia.

Red Deer and Medicine Hat are forecast to post economic growth on par with Calgary, Regina, Edmonton and Saskatoon, according to The Conference Board of Canada’s Mid-Sized Cities Outlook 2014 released on Friday.

CALGARY - Calgary’s resale housing market is in balanced territory with short-term year-over-year MLS price growth expectation in the five to 6.9 per cent range, according to the Conference Board of Canada. In a report released Monday, the board said the seasonally-adjusted annual rate of MLS sales for Calgary was 35,328 in May, up 17.7 per cent from a year ago while new listings rose by 12.2 per cent to 48,768 on an annual basis.

Tehseer Hussain is a typical, 20-something Calgarian. On a Saturday downtown, he wears jeans, boat shoes, a baseball cap and an artsy T-shirt. But he’s also Muslim, and he knows that makes some people suspicious of him.

CALGARY - Both short-term and long-term expectations are negative for housing starts in the Calgary region, according to the Conference Board of Canada. In a report released Friday, the board said the seasonally-adjusted annual rate of starts in the Calgary census metropolitan area was 13,149 in May, slighly down from 13,528 a year ago.

Calgary region retail sales, buoyed by strong economic activity, will surpass $30 billion a year by 2017, says the Conference Board of Canada. In its Metropolitan Outlook report, the board forecast retail sales growth of 4.0 per cent this year to $26.2 billion. For the following years, its sales forecast and yearly growth rate are: $27.5 billion in 2015, 5.0 per cent; $28.8 billion in 2016, 4.8 per cent; $30.1 billion in 2017, 4.6 per cent; and $31.5 billion in 2018, 4.7 per cent.

CALGARY - Short-term expectations are positive for housing starts in the Calgary region, according to the Conference Board of Canada. In its monthly report Metropolitan Housing Starts, however, the board said on Thursday that expectations for starts on a long-term basis are negative in the area.

Despite a devastating flood and some internal squabbling within the industry, tourism in Calgary was a booming business in 2013 - and will continue to be for the foreseeable future. The numbers tell the story.

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